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HDFC Q2 net up 19% at Rs 1,151 cr

This article was posted on Oct 22, 2012 and is filed under Stock News

Mortgage firm HDFC today reported 19% increase in net profit at Rs 1,151.12 crore for the second quarter ended September 30.

Housing Development Finance Corporation (HDFC) had posted net profit of Rs 970.70 crore for the July-September quarter of the previous fiscal.

The company’s total income on standalone basis increased to Rs 5,277.2 crore during the September quarter from Rs 4,169.14 crore in the corresponding period last fiscal.

During the first half of 2012-13, the company clocked 19% rise in net profit to Rs 2,153.03 crore, compared to Rs 1,815.23 crore in the same period a year ago.

The total assets of HDFC rose by 20% at Rs 1,80,637 crore at the end of September 30, 2012, as against 1,50,045 crore at the end of second quarter last fiscal.

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